XOX BHD Description: XOX BHD ("XOX" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of XOX (“Board”), TA Securities Holdings Berhad (“TA Securities”) wishes to announce that the Company proposes to undertake the Proposed Private Placement.
Further details of the Proposed Private Placement are set out in the announcement attached herein.
KUALA LUMPUR (July 26): ACE Market-listed XOX Bhd plans to undertake a private placement exercise to raise RM9.95 million to develop a digital media management application. In a filing on Tuesday (July 26), the mobile services provider noted that while it obtained shareholders’ approval to issue up to 717.31 million shares — or 10% of its issued share capital — it has opted to only issue up to 552.86 million shares for the placement exercise. At an illustrative price of 1.8 sen apiece, which represents a discount of approximately 6.25% to the five-day volume-weighted average market price (VWAP) of XOX shares up to and including July 25, 2022 (LPD), the group expects to raise up to RM9.95 million from the placement exercise……
KUALA LUMPUR (July 26): Here is a brief look at some corporate announcements and news flow on Tuesday (July 26), which include Kossan Rubber Industries Bhd, Tasco Bhd, CTOS Digital Bhd, MHC Plantations Bhd, Globetronics Technology Bhd, NWP Holdings Bhd, Toyo Ventures Holdings Bhd, Techna-X Bhd, XOX Bhd, Pasukhas Group Bhd, PPB Group Bhd, Eastland Equity Bhd, UMediC Group Bhd (UMC), Sapura Industrial Bhd, MJ Caely Holdings Bhd and Astral Asia Bhd….
xox have money to pay rm110mil. for 98mil shares in symfony, a property developer,.......but no money to pay for digital media app business,.........need to do private placement again,.......do you think they will do the digital media app ? ,......or just a gimmick to raise fund again,.......look at the past,......xox raised fund to do micro financing business & many more,......nothing happen,......you only see them buying inflated sharse of xox net, cheetah, jadi, symfony
RM9.95mil pun tarak. Now question is what will probably the PP price. If 0.018 mana ada propit. So biggest worry is this coming week, it might go to 0.01 , then PP 0.005 baru ada ommph.....
There is also the possibility shares in the state-owned 5G agency would be offered to foreign MNOs. "The option to offer equity shareholdings to foreign MNOs is also there because various foreign MNOs have expressed their desire to contribute to the local 5G network development.
"The government's policy is to prioritise domestic MNOs, but it does not rule out the possibility of offering the remaining shares that can be subscribed in DNB to foreign MNOs," he told Bernama.
XOX BHD ("XOX" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN XOX ("XOX SHARES" OR "SHARES") ("PLACEMENT SHARES"), REPRESENTING NOT MORE THAN 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY (EXCLUDING TREASURY SHARES, IF ANY) ("PROPOSED PRIVATE PLACEMENT") This announcement is dated 26 July 2022.
============= No. of issued Shares as at LPD 5,050,830,575 To be issued assuming full conversion of the ICPS 77,971,406 To be issued assuming full exercise of Warrants B 231,832,876 To be issued assuming full exercise of Warrants C 1,412,612,765 To be issued assuming full granting and/or exercise of ESOS Options 399,821,100 After full granting and/or exercise of the Convertible Securities 7,173,068,722 To be issued pursuant to the Proposed Private Placement 717,306,800
Minimum scenario = 505,083,057 shares will be issued assuming no conversion of warrants and ICPS
=========== Massive fund raising Massive dilution of shareholders equity % and EPS NOSH continue to increase towards 6 BILLION shares
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Posted by Armanhashim > 2022-07-26 19:52 | Report Abuse
Limit up soon